Question 2 (17 marks) Harmon Company uses the weighted average method in its process costing system. The Curing Department of Harmon Company reported the following information for the month of March. Percentage Complete with respect to Conversion 80% Work-in-process, 1 March Units started Completed and transferred out Work-in-process, 31 March Physical Units 10,000 28,000 30,000 8,000 30% Costs for March Work-in-process, 1 March Added during the month Materials ($) 34,500 146,000 Conversion ($) 48,600 194,400 All materials are added at the beginning of the process. Required: Required: (a) Determine the equivalent units of production for materials and conversion for March. (4 marks) (b) Determine the cost per equivalent unit for materials and conversion for March. (5 marks) (c) Determine the cost of ending work in process inventory in the Curing Department for March. (2 marks) (d) Determine the cost assigned to units transferred out of the Curing Department during March. (2 marks) (e) Briefly describe how the FIFO method differs from the weighted average method under process costing. (4 marks)